Short Interest in Global X Internet of Things Thematic ETF (NASDAQ:SNSR) Decreases By 55.6%

Global X Internet of Things Thematic ETF (NASDAQ:SNSR) was the target of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 2,000 shares, a decrease of 55.6% from the October 31st total of 4,500 shares. Based on an average daily volume of 21,300 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Global X Internet of Things Thematic ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNSR. Mirae Asset Global Investments Co. Ltd. grew its position in Global X Internet of Things Thematic ETF by 119.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,460 shares of the company’s stock worth $2,326,000 after purchasing an additional 36,159 shares in the last quarter. Raymond James & Associates raised its position in Global X Internet of Things Thematic ETF by 17.0% during the second quarter. Raymond James & Associates now owns 42,157 shares of the company’s stock valued at $1,513,000 after buying an additional 6,112 shares during the period. Truist Financial Corp boosted its position in Global X Internet of Things Thematic ETF by 3.0% during the 2nd quarter. Truist Financial Corp now owns 27,204 shares of the company’s stock worth $977,000 after acquiring an additional 789 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Global X Internet of Things Thematic ETF by 4.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,777 shares of the company’s stock worth $907,000 after acquiring an additional 1,210 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in Global X Internet of Things Thematic ETF by 5.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 20,970 shares of the company’s stock worth $753,000 after acquiring an additional 1,130 shares during the period.

Global X Internet of Things Thematic ETF Trading Up 0.3 %

SNSR stock traded up $0.10 during mid-day trading on Friday, reaching $36.17. 10,954 shares of the stock traded hands, compared to its average volume of 24,044. The stock’s fifty day moving average is $34.96 and its 200-day moving average is $35.22. The company has a market cap of $245.23 million, a P/E ratio of 25.59 and a beta of 1.24. Global X Internet of Things Thematic ETF has a 52-week low of $30.98 and a 52-week high of $38.54.

Global X Internet of Things Thematic ETF Company Profile

The Global X Internet of Things ETF (SNSR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index composed of developed market companies that facilitate the Internet of Things industry. SNSR was launched on Sep 12, 2016 and is managed by Global X.